General Fund Transfer to Advanced Industries Programs
| Type | Bill |
|---|---|
| Session | 2024 Regular Session |
| Subjects |
Concerning the transfer of money from the general fund to the advanced industries acceleration cash fund, and, in connection therewith, extending the "Colorado Bioscience and Clean Technology Innovation Reinvestment Act" for an additional eight years.
Bill Summary:
The advanced industries acceleration cash fund (AI cash fund) consists, in part, of money transferred annually to the fund from the general fund pursuant to the "Colorado Bioscience and Clean Technology Innovation Reinvestment Act" (bioscience act). The amount of money transferred pursuant to the bioscience act is based on the amount of income tax withholding for certain bioscience and clean technology occupation classifications. The act extends both the transfers to the AI cash fund and the bioscience act, which had respectively been scheduled to repeal on July 1, 2025, and July 1, 2026, for an additional 8 years so that the last transfer is scheduled for March 1, 2033, and the bioscience act is scheduled to repeal, effective July 1, 2034.
APPROVED by Governor April 18, 2024
EFFECTIVE April 18, 2024
(Note: This summary applies to this bill as enacted.)
Related Documents & Information
| Activity | Vote | Documents |
|---|---|---|
| Refer House Bill 24-1396 to the Committee of the Whole and with a recommendation that it be placed on the consent calendar. | The motion passed on a vote of 9-0. | Vote summary |
| Activity | Vote | Documents |
|---|---|---|
| Refer House Bill 24-1396 to the Committee of the Whole. | The motion passed on a vote of 8-3. | Vote summary |
| Date | Calendar | Motion | Vote | Vote Document |
|---|---|---|---|---|
| 04/05/2024 | Third Reading | BILL |
24
AYE
0
NO
11
OTHER
|
Vote record |
| Date | Calendar | Motion | Vote | Vote Document |
|---|---|---|---|---|
| 04/01/2024 | Third Reading | BILL |
47
AYE
17
NO
1
OTHER
|
Vote record |
| Date | Location | Action |
|---|---|---|
| 04/18/2024 | Governor | Governor Signed |
| 04/12/2024 | Governor | Sent to the Governor |
| 04/12/2024 | Senate | Signed by the President of the Senate |
| 04/11/2024 | House | Signed by the Speaker of the House |
| 04/05/2024 | Senate | Senate Third Reading Passed - No Amendments |
| 04/04/2024 | Senate | Senate Second Reading Special Order - Passed - No Amendments |
| 04/03/2024 | Senate | Senate Committee on Appropriations Refer Unamended - Consent Calendar to Senate Committee of the Whole |
| 04/01/2024 | Senate | Introduced In Senate - Assigned to Appropriations |
| 04/01/2024 | House | House Third Reading Passed - No Amendments |
| 03/28/2024 | House | House Second Reading Special Order - Passed - No Amendments |
| 03/27/2024 | House | House Committee on Appropriations Refer Unamended to House Committee of the Whole |
| 03/25/2024 | House | Introduced In House - Assigned to Appropriations |
Prime Sponsor
Sponsor
| Effective Date | Chapter # | Title | Documents |
|---|---|---|---|
| 08/07/2024 | 97 | Gen Fund Transfer Advanced Indus Programs |